Australia’s highly combustible ghost cities

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By Leith van Onselen

Australia’s new found fondness for expensive highrise shoeboxes has taken a potentially deadly turn, with ABC’s 7.30 Report last night running a segment on the cheap combustible cladding that has covered potentially thousands of buildings across Australia, which last November sent a Docklands building into a towering inferno:

LEIGH SALES, PRESENTER: When a cigarette was left on a balcony table in Melbourne’s Docklands precinct last year, it took fewer than 15 minutes for 13 storeys to go up in flames. The problem was the cheap cladding that covered the entire apartment building. It didn’t meet Australian standards and should never have been used. But since that fire, it’s emerged that potentially thousands of buildings in Australia could be covered with the same material…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.